Stocks with a 3- to 5-year perspective. 7 stocks where the budget continues to provide tailwinds by way of policy support

Defence, railways, power. The common thread running through these sectors is that revival came only after the government brought about policy changes that prioritised them. However, unlike, for instance, power, where government support resulted in a relatively quick turnaround, there are some sectors where such support would be needed for a longer time. The fact that the government has, for the third year in a row, made an effort in the budget clearly shows its intent.